including a cyber libel conviction, currently on appeal to which he could be sentenced to nearly 7 years in prison. all right, you are up to date. business news is a faxed with my colleague, stephen beardsley. and i was looking at those big lay offs at microsoft. don't forget, you can get more news and analysis on our website at dw dot com. and don't forget to follow up on our social media. our handle, there is date of new news. i'm pablo photo earliest for me and the team here. brandon, thanks for watching. take care a make sure to watch. think of youth with india, a land of contrasts of ambitions of inequality. 75

years ago mahatma gandhi peacefully led the country to independence. what has remained of his vision? where does the world so call to largest democracy stand? where is india headed? this is the moment to unleash on violet bars. gandhi's legacy starts january 28th on d, w. ah, microsoft joins the wave of tech companies cutting jobs. it points this offering demand for cloud computing. we'll look at how tech workers are coping with a series of lay offs from the sectors biggest companies. also on our show, german oil and gas firm winters hall day calls it quits and russia and forces

parent company b a s f to take a huge ride off. and private aerospace firm space act launches a new gps navigation satellite into orbit for the u. s. military europe is watching closely. i'm seeing beardley and berlin welcome to our show. and we began in the us where microsoft has announced it will lay off $10000.00 employees. as the software maker reacts, we weakening global economy as wells falling demand for its cloud computing services. on the cuts represent around fi, represent around 5 percent of the company's total workforce. microsoft is just the latest tech company to trim its head count. amazon just announce the new wave of job cuts affecting more than 18000 people. the company had already begun laying off employees in november. arlo, sorta teddy austro in new york for more teddy. the wall street journal recently said that this was a rich session. that is, they said it was

a recession in the sense that it's mostly affecting tech companies who have a more well paid workers. and it is not really hitting much more a many other sectors. and to what extent is that true, and we look at these are these cuts that we're seeing with amazon in microsoft? is this really a kind of rich session? well, the tech sector is certainly getting hit much, much harder the others and really to provide context to this. right. we have to go back to the beginning of the pandemic. and we saw 2 years of just explosive growth, fueled by low interest rates, lots of investment, fat profit margins going towards wall street. and we saw these tech companies just expand hugely, and amazon doubled its workforce from 6 about 800-0021 point 6000000. microsoft increased its workforce 550000 of course came the bus, the threat of inflation rising interest rates. and of course,

the fear of recession now with the bus came layoffs. we see amazon laying off 800000 workers, microsoft, 10000. but really it's not only well paying workers. we are seeing some others get caught in the crossfire for example, janitors at twitter. we saw recently get laid off as well. when we look at some of these engineers, for example, developers, these high pay jobs that are being cut right now. what does it mean for them? are these positions that are actually in high demand around the world right now? well actually we are seeing that they're not doing as badly as you may expect. surveys are showing that close to 80 percent of these tech workers are finding new jobs within 3 months. so that's pretty good. it's a little bit worse than other sectors. many workers are finding jobs a little bit more quickly, but really what we're seeing is some big names doing. these hiring freezes, laying off workers like mehta,

but across the economy there are tons of vacancies for jobs, almost double the amount of the workers. but really, there are some workers who are more vulnerable than others. for example, there's a lot of foreign workers who come to the u. s. to work in the tech sector. they are going to have trouble with their visa for their residential status. so not everyone is getting affected by these layoffs evenly or the city austria taken us through those tech layoffs and very much we go now to some other global business stories, making headlines. new car registrations fell across europe for 2022 with just over 9000000 new vehicles taking the road almost 5 percent less than in the previous year. and that's after some government subsidies for e cars and hybrid plugins. ran out. and car makers had to slow down production due to supply chain problems. black panther walk, honda forever is the 1st marble film to screen in china after a 4 year ban. the number of foreign films allowed in china is already restricted,

but the communist parties propaganda department has stepped up censorship amid worsening tensions with the us marbles parent disney had in the past, refused to censor content to please chinese authorities. german gas and energy giant winter's hall dia is fully exiting its russian operations, forcing its parent company chemical group b, a s f to write off $7300000000.00 euros almost one year after russia's invasion of ukraine and facing multiple embargoes. the company does not see a viable option to keep the business. they're going said in a press statement. alright, o'clcok over joins me for more. she focuses on european energy security for the atlantic council over good to have you on the show. and we saw at the beginning of russia's war and ukraine, that some oil major is larger companies immediately cut ties. others waited a bit longer. what took this company is german company winters whole day at so long

in deciding to come to russia? such a huge decision is never going to be lead by just one factor. so in this case, it was, of course, a combination of economic drivers. russia is not doing itself any favors by the way, it's treating the it's western partners that are still there. the western company that are still invested in some of these projects who haven't left creating additional volatility uncertainty. so the companies who are still left are in this tough spot where they've waited this long to leave. and we're almost hitting a year anniversary of this horrendous, brutal war. and of course, this economic, these economic changes, these regulatory changes have pushed some of these companies over the edge. the russia has essentially expropriated winters whole property, which is something the company we obviously hoping to avoid. but was there any realistic hope of the company getting out of this deal while still maintaining some

of these are some of its resources, not losing all of these investments? look, any deals right now with russia are toxic and are very likely to end at a loss and that is a tough reality that the companies are facing my now. and that's why these choices to lead for are so difficult for these companies, but they, a lot of them did the right thing and left right away as brutal war kicked off, of course, looking into the future and looking some of these companies are facing out on how they're leaving to soften the blow or minimize the losses. but in any case, it's not going to be cheap, it's going to be ugly. but in the end, it is the right thing to do it. it will be worth it and it will help these companies reputations. in the long term, these kind of companies, energy companies are active around the world and not just in nice countries. is this teaching them something about how they deal with working in these difficult regions? i think a couple of things, so diversification,

making sure that all of your eggs are not in one basket out through your investments, but also to buy for cation in terms of not just oil and gas. going into the low carbon solutions and sectors. and of course, assessing your job political risks, we see how closely those are intervened with all of the business of operations across the world. and not just in russia, of course, are in different levels depending on the countries that we're looking at. i just be thinking, being a few steps ahead and assessing those rates and thinking ok, well if this countries moving forward with such actions and their risks, what does that mean for our employees? what does that mean for our investments and how not waiting till perhaps last minute or being reactive or waiting a year later to make those changes. all right, that's orac over with the atlanta council. thank you. thank so much shifting gears a little bit. the private aerospace firm space x has launched

a new g p. s navigation satellite into orbit for the u. s. military on wednesday. it's already it's 2nd national security space. launch of the year. of the payload was the g. p s 3 s v 06 rules right off the tongue. that's the 6 of the newest g p a 3 satellites. and that's part of a constellation run by the u. s. space force of the satellites provide positioning for military, as well as civilian users. we're space x, of course, a prime example of successful successful private investment and space technology working closely with nasa of the european space agency or e. s a is watching closely speaking at davos the other day. e. as a director general use of osh barker said that europe has all the talented needs for private space sector from engineers to scientists, to smart entrepreneurs. but the one key factor is missing. take a look. the europe is week is sir, in access to money, access to funding for space projects and space programs from the private sector

from companies. but also in this beat in the us, sir, or there's much more risk de king under people are usually going much faster in the development cycle. and it is something i would like to improve or said jobs are both speed and access to funding for young and to pin nurse or start up, see, and company as this is something i really would like to build up for the commercialization of space where there was joseph osh walker, head of european space agency over to south america. now argentina has been suffering from drought for years, but things are steadily getting worse. farmers are still planting crops and trying to raise cattle. but harvests are down to their lowest levels. ever. a field in alyssa, not far from argentina's capital burners, iris corn used to stand here 2 meters high. but that was a long time ago. for years, the area has seen very little rainfall. the river has dried up and the soil was absolutely dry. farmers have still been planting for the season, but there's 0 chance that they will harvest anything here,

which is now she i say, righty of may say much. and if it hasn't rained for several months, we lost practically all the winter cross with you. we lost the barley crops, right? we lost the wheat or 3. we lost the lagoon that are sown in winter such as that and well, all the summer, crummy soy, why not thorn with historic graham and sunflower were soon, much later than they are normally sown is him that i'm mucho my thought of it. okay, so now i'm into his here murder. well, initially, authorities were expecting a harvest of almost 20000000 tons of soybeans in the countries once fertile, central plains, that number has now been haft and expectations are dropping every day. it's affecting cattle producers to dest, not enough feet for them. thousands of cows are said to have died due to the drought, b, e, them had an idea about life stock. you can project anything forward,

because there is no grassy, and there is no pasture. there is nothing market in a climate is forcing us to downsize, to reduce the number of animals and because we have no way to feed them on any more . for my a legal matter than bulk what's devastating to farmers is also threatening argentina's economy. grain exports alone will worth $43000000000.00 last season at drop off up to 33 percent. it's expected starving, the country of much needed income. and that's it for our show will be back later with more in the meantime. check us out aligned the w dot com slash business don't smooth bill decades. hemp was steven. i was driving right now. the miracle plant has made it come back with construction fashion medicine,

many industries could become more sustainable and environmentally friendly. with global 3000 with the world belongs to the rich. is that the way it should be? or should we limit and redistribute the well? and how exactly do the wealthy spend all their money? they buy bunkers for one, a very rich program about rich people. made in germany. in 60 minutes on d. w. o. she's up to date. don't miss our highlights. the t w program online. d,

w dot com highlights an exclusive interview with donny, dionne, director of the yacht marsh, him holocaust memorial. you vowed that you would never visit germany, your expectations. we have to think together how to continue to keep the flame of all opposed to remembrance allied. now he's visiting germany for the very 1st time, the exclusive interview with donnie dionne. today mike at 2315 u t. c on d w. ah ah, ah, welcome to global 3000 steady nerves. a spirited german fighter conquers the ring in mexico.